medium · Private Equity advanced-lbo
A lender provides an Asset-Based Loan (ABL) to a portfolio company. The 'Borrowing Base' allows for an 85% advance against $40M of eligible Accounts Receivable and a 50% advance against $20M of eligible Inventory.
What is the maximum availability under this facility?
- $44M
- $51M
- $30M
- $60M
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